$4,388,000
About this home
Located in the heart of Berkeley's highly sought-after Elmwood neighborhood, 2801 College Avenue presents a rare opportunity to acquire a 21-unit apartment community in one of the East Bay's premier rental markets. The property offers an attractive mix of one-bedroom, two-bedroom, and studio floor plans, providing broad tenant appeal and long-term occupancy stability. Offered at an in-place 6.29% CAP rate with substantial upside through future rental growth, the asset combines strong day-one cash flow with significant value-add potential. Priced at just $209,000 per unit, 2801 College Avenue represents an exceptional value in a supply-constrained location, just steps from the vibrant College Avenue retail corridor, renowned restaurants, cafés, and UC Berkeley.
Facts & features
- Bathrooms
- 0
- Heating
- Electric
- Cooling
- None
- Lot size
- 0.17 acres (7,400 sq ft)
- Year built
- 1957
- Parking spaces
- 2
- Area
- 699 - Not Defined
- County
- Alameda
- Status
- Active
- Property type
- Commercial Sale
- Days on market
- 11
- Listed
- 2026-07-09
- Parcel #
- 0531696001
- MLS #
- ML82053675
